Monitoring customer-selected vehicle parameters
AssigneeThe Travelers Companies, Inc.
InventorsDean Collins, Bryan Smith, William Krysinski
Life of this patent
Estimating the term…
Abstract
Business insurance customers select parameters for monitoring in vehicle fleets using one or more telematics devices. The parameters may comprise an operating characteristic associated with fleet vehicles associated with a business insurance product. Selection and measurement of parameters may result in lower insurance premiums. In one embodiment, an apparatus causes, based on a user selection of at least one of a plurality of menu-selectable options, a remotely programmable memory of at least one monitoring device to store an indication of the monitoring parameters represented by the user selection.
Claims30
A method, comprising:
- receiving, by a specially-programmed computer device and from a user device, an indication of a request for a fleet insurance product for a fleet of vehicles;
- determining, by the specially-programmed computer device, a base premium for the fleet insurance product;
- providing, by the specially-programmed computer device and to the user device, a plurality of menu-selectable options, each option representing at least one monitoring parameter relevant to the fleet insurance product;
- receiving, by the specially-programmed computer device and from the user device, an indication of a user selection of at least one of the plurality of menu-selectable options;
- determining, by the specially-programmed computer device and based on the user selection, an adjusted premium for the fleet insurance product;
- providing, by the specially-programmed computer device and to the user device, an indication of the adjusted premium for the fleet insurance product;
- and
- facilitating, by the specially-programmed computer device and based on the adjusted premium, a sale of the fleet insurance product to a customer.
An apparatus, comprising:
- a computerized processing device;
- and
- a memory device in communication with the computerized processing device and storing specially-programmed instructions that when executed by the computerized processing device result in:
- receiving, from a user device, an indication of a request for a fleet insurance product for a fleet of vehicles;
- determining a base premium for the fleet insurance product;
- providing, to the user device, a plurality of menu-selectable options, each option representing at least one monitoring parameter relevant to the fleet insurance product;
- receiving, from the user device, an indication of a user selection of at least one of the plurality of menu-selectable options;
- determining, based on the user selection, an adjusted premium for the fleet insurance product;
- providing, to the user device, an indication of the adjusted premium for the fleet insurance product;
- and
- facilitating, based on the adjusted premium, a sale of the fleet insurance product to a customer.
An interface, comprising:
- a first plurality of menu-selectable options, each first option representing a type of vehicle in a fleet of vehicles and each first option having associated therewith:
- a second plurality of menu-selectable options, each second option representing at least one group of monitoring parameters relevant to a fleet insurance product, wherein the at least one group of monitoring parameters comprises a plurality of metrics descriptive of a characteristic of the respective type of vehicle in the fleet of vehicles;
- and
- a fleet insurance product premium output area, the fleet insurance product premium output area being responsive to a selection of at least one of the first or second options such that any change to the insurance product premium based on (i) the selection of the at least one of the first or second options and (ii) a plurality of stored premium determination rules, is output to a business customer via the fleet insurance product premium output area.
Dependencies are inferred from the claim text.